Accounting essays
Last update: January 23, 2016-
Tax Law and Accounting
Tax Law and Accounting Defining the objectives of modern income statues, comparison and contrast of General Acceptance Accounting Principles (GAAP) and tax accounting, and differencing of tax avoidance and tax evasion will be the topic of this paper. Controversy of the tax law between accounting and GAAP, understanding these general practices will give a better knowledge of the accounting tax laws and principles. Defining the objectives of modern income tax statues, six main categories of
Rating:Essay Length: 675 Words / 3 PagesSubmitted: November 1, 2010 -
Unethical Accounting - Unethical Practices
Introduction We all would like to live in a world where good morals and strong ethics are common practice. However, there are many individuals whom make unethical decisions. These decisions may be in their personal life, or in the workplace. As defined in the Law Dictionary, the word ethics is derived from the Greek word ethos, which means "character," and from the Latin word mores, which means "customs." (Ethics, 2009) Some individuals who have run
Rating:Essay Length: 762 Words / 4 PagesSubmitted: January 10, 2011 -
Arthur Andersen - Accounting Firm
Arthur Andersen LLP, which is over a span of nearly 90 years, would become one of the "Big five" largest accounting firms in the United States. Moreover, the accounting firm seen as the symbol of trust, integrity and ethic. The good reputation is derived from the advent of consulting business, which was developed by Leonard Spack. However, with the growth of consulting services, many accounting firms viewed it as a sccessful model that should be
Rating:Essay Length: 290 Words / 2 PagesSubmitted: April 23, 2011 -
Harmonization of Accounting Standards
TABLE OF CONTENT INTRODUCTION 1 PURPOSE OF CONVERGENCE PROJECT 1 LIMITATION IN CONCEPTUAL FRAMEWORK 2 DISTINCTION BETWEEN GAAP AND IFRS 4 EFFORTS TO ELIMINATE DIFFERENCES 6 SUMMARY OF EXPOSURE DRAFT 7 CONCLUSION 8 REFERENCE LISTS 9 Introduction Financial Accounting Standards Board (FASB) and International Accounting Standards Board (IASB) signed an agreement in year 2002 which known as Norwalk Agreement and both agreed to cooperate with the aim of reducing the level of differentiation between General
Rating:Essay Length: 2,662 Words / 11 PagesSubmitted: April 27, 2011 -
What Is the Importance of Productivity on the Balance of Payments on the Current Accounts?
What is the importance of productivity on the balance of payments on the current accounts? Productivity is the measure of output from a production process, per unit of input. For example, labor productivity is typically measured as a ratio of output per labor-hour, an input. In this essay I will explain the importance of productivity on the balance of payments current account, which is defined by exports minus imports (X-M). I will also suggest methods
Rating:Essay Length: 607 Words / 3 PagesSubmitted: May 11, 2011 -
Accounting Case - Three Main Fraudulent Acts
There are so many fraudulent acts that companies faced during the operations of the business. Most of these acts belong to the cash management and book keeping. Accounting is basically the art of recording transaction and during the recording of the transaction any wrong entry can pass which change the position of the company. In the similar manner cash management is also very important for any organization. In this report first of all we see
Rating:Essay Length: 1,007 Words / 5 PagesSubmitted: May 19, 2011 -
Accounting Information Systems Simulation Summary
An Internal Control System is a process, affected by an organization's board of directors, management, and other personnel. It is designed to provide reasonable assurance regarding the achievement of objectives in the following categories: effectiveness and efficiency of operations, reliability of financial reporting, and compliance with applicable laws and regulations. Within the simulation you need to help Ramos International set up its internal control system, implement control procedures for specific internal control problems and manage
Rating:Essay Length: 628 Words / 3 PagesSubmitted: June 14, 2011 -
Accounting Case
1 Value of a firm without debt = 1.2 million / 11% Cash flow 1,200,000 Value of a firm without debt = 10,909,091 2 Cost of Equity 11% Cost of Debt 7% Tax Rate 35% Equity 8,909,091 Debt 2,000,000 WACC = 81.67% * 11% + (7%*0.65)* 18.33% WACC = 9.82% After tax cash flow 1,109,000 Value of a firm with debt = 11,296,155 3 If the interest expense is not tax deductible the value of
Rating:Essay Length: 371 Words / 2 PagesSubmitted: June 27, 2011 -
Military Accountability
From the top to the bottom, how can you plan for an action if you do not even know where all of your troops are? What happens when you conduct a movement and realize that you just left 5 people behind? The United States Army requires that all personnel and soldiers be accountable for themselves, their equipment and at times their fellow soldiers. The level of accountability that you have generally increases with rank, responsibility
Rating:Essay Length: 272 Words / 2 PagesSubmitted: June 30, 2011 -
Definition of Accounting - the Accounting Process
Definition of Accounting Accounting is an information system that identifies, records, and communicates the economic events which is every transactions of an entity to interested users. The Accounting Process Accounting process involves identification of the business transaction and recording all the transactions in a systematic and orderly manner. The recorded data must be classified and summarized then account data will be communicated through the financial information users for business decision-making. Based on the accounting cycle,
Rating:Essay Length: 277 Words / 2 PagesSubmitted: July 4, 2011 -
Accounts - Spending Pattern
The existing customers may also be re-assessing their spending pattern. The recession will affect the Mill as they are paying workers too much and the increase in electricity and gas can put them out of the business as this means monthly bills the short and long term of the business. The products/services, technology and training has not been used affectionately. Lack of competition allows a company to set prices relatively high, to the point that
Rating:Essay Length: 482 Words / 2 PagesSubmitted: July 7, 2011 -
Clark Paint and Varnish - Mangerial Accounting
Clark Paint Introduction Clark Paint and Varnish Co. Inc., was founded in 1928 at 966 Union St., by Fred Clark. At the beginning, it was one small room operation that manufacturing and selling paints door to door. In 1945, Milford Raker, who was already the owner of two Raker Paint factories in Pennsylvania, purchased Clark Paint Factory in West Springfield, MA and began his investment in expanding the company. In addition, Milford helped his uncles
Rating:Essay Length: 451 Words / 2 PagesSubmitted: July 11, 2011 -
Acct 4280 - Accounting Fraud
ACCOUNTING FRAUD EARNINGS MANIPULATION & CREATIVE ACCOUNTING SHARON GRIFFIN ACCT 4280 CONTEMPORARY ISSUES IN ACCOUNTING SUMMER 2011 PROFESSOR CAROL C BISHOP, CPA Griffin, 1 Sharon Griffin Professor Carol C Bishop Acct 4280 June 30, 2011 Accounting Fraud Accounting fraud is skillful acts of creative accounting and earning manipulation. Creative accounting is not considered illegal, but it is unethical. The description of creative accounting is often referred to as "cooking the books" (Tatum, wisegeek.com). An example
Rating:Essay Length: 1,095 Words / 5 PagesSubmitted: July 13, 2011 -
Important Recent Developments Within France's Accounting Profession Including the Nation's Independent Audit Function
1- Research relevant databases to identify important recent developments within France's accounting profession, including the nation's independent audit function. Summarize these developments in a bullet format Shortly after the U.S. passed the Sabaranes-Oxley statue the French business community commissioned a study to see what was necessary in France to strengthen financial reporting, internal controls and corporate governance. Societe Generale's very own Daniel Bouton was chosen to chair the commissioned committee. This is very ironic indeed
Rating:Essay Length: 1,546 Words / 7 PagesSubmitted: July 14, 2011 -
Nclb Accountability
One of the major goals of the United States school system is to give all children quality academic opportunities. Regarding accountability, the No Child Left Behind (NCLB) program requires that school district personnel inform parents of what the academic standards are and all pertinent information related to their child regarding assessments and performance. When accountability measures are not in place, it limits the ability to accurately verify whether the students are making satisfactory progress in
Rating:Essay Length: 289 Words / 2 PagesSubmitted: July 18, 2011 -
Strategic Management Accounting: Theoretical and Field Study Perspectives Robin Roslender , , a and Susan J. Hart , B
In search of strategic management accounting: theoretical and field study perspectives Robin Roslender , , a and Susan J. Hart , b a Department of Accounting, Finance and Law, Faculty of Management, University of Stirling, Stirling FK9 4LA, UK b Department of Marketing, University of Strathclyde, Strathclyde, UK Available online 6 August 2003. Abstract Despite being introduced into the literature as a potentially exciting development over 20 years ago, there is still little or no
Rating:Essay Length: 7,135 Words / 29 PagesSubmitted: July 22, 2011 -
Exam Accounting - University of Cebu
UNIVERSITY OF CEBU College Of Commerce and Accountancy Accounting 1 (BSA) Quiz-Rules of Debit and Credit Name:______________________________________ Class Sched:_____________ Score:__________ I. MULTIPLE CHOICE 1. The accounting equation a. is used to determine the amount of liabilities owed. b. is used to determine the amount of income earned during the period. c. shows the claims on the entity's assets by both the creditors and owner. d. shows the claims on the owner's equity by the creditors.
Rating:Essay Length: 1,225 Words / 5 PagesSubmitted: July 29, 2011 -
Accounting and Financial Management
PART A Answer Question 1: 1. Gross profit ratio 2007: 16.96% Gross profit ratio 2008: 19.44% 2. Net profit ratio 2007: 1.6% Net profit ratio 2008: 2.08% 3. Working capital ratio 2007: 6.56:1 Working capital ratio 2008: 1.62:1 4. Quick asset ratio 2007: 2.08:1 Quick asset ratio 2008: 0.72: 1 5. Inventory turnover 2007: 4.43 time per year = 82.39 days Inventory turnover 2008: 6.10 time per year = 59.83 days Answer Question 2: Checking
Rating:Essay Length: 1,404 Words / 6 PagesSubmitted: August 2, 2011 -
The Diverse and Important Role of Management Accountants in Organizations
The Diverse And Important Role Of Management Accountants In Organizations Submitted by: hookedonwebusaDate Submitted: 01/05/2009Category: BusinessWords: 2344Pages: 10Views: 2053Popularity Rank: 3054 It doesn't matter if an organization is measured by its nonprofit contributions to humanity or its ability to turn a profit, financial information is the lifeblood of any organization and the quality of its interpretation and flow to the firm's decision makers falls on the Management Accountant. However the role that the management accountant
Rating:Essay Length: 2,332 Words / 10 PagesSubmitted: August 3, 2011 -
Specific Managerial Problems and the Accounting Numbers
a business student wants to get some help form this website for his case study. wanna learn more and pass the course. why I need to write this 250 words, if i can write those words, I won't get help from this website. I need help rite now, please let me get through. and i wonder how fast I can type in order to finish a essay assignment in 2 hours, and then I will
Rating:Essay Length: 1,398 Words / 6 PagesSubmitted: August 6, 2011 -
Cost Accounting
The ideal business engages in high volume - high margin products or services. The reality is that it is typical for higher volume businesses to yield lower margins. The low volume - low margin spectrum is the worst case. In recent years with the pressure of online music on audio CD sales, and after futile attempts to stop file sharing on the Internet, the recording industry has retrenched its position and is now embracing lower
Rating:Essay Length: 403 Words / 2 PagesSubmitted: August 6, 2011 -
Accounting 501 (mba) - Interpreting Financial Statements Report
EXECUTIVE SUMMARY In order to gain a better understanding of how to interpret financial statements as presented in ACCOUNTING 501, we analyzed select data, including Liquidity Ratios, Solvency Ratios, and profitability Ratios from the Coca-Cola Company and PepsiCo, Inc's 2009 financial statements. The report is divided into four parts. The first part of the report (Part A) focuses on Liquidity Ratios, computing current ratio, receivables turnover, average collection period, inventory turnover, days in inventory, and
Rating:Essay Length: 2,823 Words / 12 PagesSubmitted: August 7, 2011 -
Icab Code of Ethics for Chartered Accountants
ICAB Code of Ethics for Chartered Accountants (Schedule C, Part-1, vide Bye-Law 134 of the Bangladesh Chartered Accountants Bye-Laws, 2004) A Chartered Accountant in Practice shall be guilty of professional misconduct if he- 1. Providing his/her professional service at the throwing away of or forming partnership with an unqualified person(s) or obtain a business which is not allowed for him/her. a. This rule is not applicable beyond the country, because he /she may associate with
Rating:Essay Length: 573 Words / 3 PagesSubmitted: August 7, 2011 -
Accounting
Every day, HP delivers 1.3 million inkjet cartridges, 110,000 printers, ,000 personal computer systems and 3,500 servers. Many of these products are produced by contract manufacturers or original design manufacturers. The company spends about $50 billion, or about 64% of its revenue, on supply chain activities. At this spending and complexity, supply chain mastery is an imperative discipline to control costs and foster collaborative relationships with suppliers. Supply chain optimization "has a direct impact on
Rating:Essay Length: 1,546 Words / 7 PagesSubmitted: August 9, 2011 -
Can Germany, as Article 231 of the Treaty of Versailles States, Be Held Solely Accountable for the Outbreak of the First World War?
Article 231 of the Treaty of Versailles, the major peace accord that ended the horrors of the First World War, states that 'The Allied and Associated Governments affirm and Germany accepts the responsibility of Germany and her allies for causing all the loss and damage to which the Allied and Associated Governments and their nationals have been subjected as a consequence of the war imposed upon them by the aggression of Germany and her allies'.
Rating:Essay Length: 1,821 Words / 8 PagesSubmitted: August 15, 2011